A photo of China’s Tianjin LNG terminal. LNG

CNOOC heeds call to shore up winter gas supply

China’s biggest LNG importer is bulking up capacity at its only receiving terminal in the north to help cover strong regional demand this winter.

By Tang Tian 20 September 2017
LNG

Power demand boosts Asian spot LNG prices

Spot LNG prices in Japan, South Korea, China and Taiwan were up by 4.38% last week as demand from power generators picked up.

29 August 2017
Exploration & Production

AAG Energy Holdings profits up 18%

AAG Energy Holdings increased profits from operations by 17.9% year on year in H1 2017.

25 August 2017
Supply & Demand

Chinese gas consumption to grow 11%

China’s gas consumption will rise by 11.0% in 2017 on an annual basis, to 229.7 billion cubic metres.

25 August 2017
Companies & Finance

Kunlun Energy results tick up

Kunlun Energy’s net profit including impairment losses increased by 0.42% year on year in H1 2017.

24 August 2017
Exploration & Production

Shanxi province discovers large gas field

Northern China’s Shanxi province has discovered a gas field with estimated reserves of 545.6 billion cubic metres.

24 August 2017
LNG

Shaanxi production growth to cut Chinese LNG prices

Higher output from liquefaction plants in Shaanxi is expected to lead to prices cuts of around 1.56%.

24 August 2017
Global Markets

PetroChina gas sales in Guangdong province up 40%

PetroChina’s southern gas sales branch has signed up 26 customers in Guangdong province since December 2016.

23 August 2017
Global Markets

Hebei plans gas trading platform

The Chinese province of Hebei is planning to establish a gas trading platform in the Caofeidian district in the city of Tangshan.

23 August 2017
Pipelines, Storage & Power

Xiangguosi storage depot holding 1.3 bcm of gas

PetroChina’s Xiangguosi underground storage depot in Chongqing municipality had stored 1.3 bcm of gas as of 19 August.

23 August 2017
Supply & Demand

Chinese LNG imports up 95%

China’s LNG imports surged by 94.9% year on year in July, to 3.12 mt – their highest volume since January.

23 August 2017
Pipelines, Storage & Power

Sinopec eyes north China prize with new pipeline

State-owned Sinopec is making a move on the prized northern China gas market, which is primed for long-term growth as coal falls out of favour.

23 August 2017
LNG

Pipeline gas transactions double on SHPGX

Pipeline gas transactions on the Chinese exchange were up to 768 MMcm last week from 323 MMcm the previous week.

23 August 2017
Global Markets

Suzhou consumes 3.2 bcm in 2016

Suzhou, a city around 100 km northwest of Shanghai in Jiangsu province, consumed 3.2 billion cubic metres of gas in 2016.

22 August 2017
LNG

Spot LNG prices inch downwards in Northeast Asia

Spot LNG prices in Japan, South Korea, China and Taiwan averaged $5.47/MMBtu last week compared with $5.48/MMBtu the previous week.

22 August 2017
Supply & Demand

China gas demand on course for double-digit growth

China’s energy watchdog has thrown its weight behind growing optimism over China’s gas demand, which looks set to surge back to double-digit growth this year.

21 August 2017
Exploration & Production

Nepal and China sign agreement on oil and gas exploration

Nepal signed an agreement with China to carry out a feasibility study to explore for oil and gas.

18 August 2017
Exploration & Production

Chinese oil and gas investment rises 12.6% over 2012-2016

China’s investment in oil and gas exploration rose by 12.6% between 2012 and 2016 compared with the previous five-year period

17 August 2017
Exploration & Production

Fuling shale sets new output record

Sinopec’s Fuling shale gas project in southwest China’s Chongqing municipality set a new output record of 532 MMcm in July.

17 August 2017
Supply & Demand

Chinese energy demand to peak at 4.06 btoe by 2040

China’s energy demand will peak at 4.06 btoe by 2040, CNPC’s research arm said on Wednesday.

17 August 2017
LNG

Tianjin top of Chinese terminal’s LNG sales

Tianjin managed the highest output out of all of China’s LNG terminals last week, with average daily sales of 240 tankers.

17 August 2017

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